CVNA Carvana
- 199.560
- -3.800-1.87%
- 199.490
- -0.070-0.04%
Carvana News
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Hindenburg short-sells the used car retailer Carvana: turning losses into profits is a scam.
① Hindenburg Research claims that used car retailer Carvana is involved in insider trading and financial fraud, and has shorted its Stocks. ② Hindenburg states that Carvana's "performance recovery" is a scam, with suspicious financial operations, and that Carvana's valuation exceeds reasonable limits.
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Hindenburg, who targets "shorting India," sets sights on Wall Street darling: the used car dealer Carvana is a "century accounting fraud."
Hindenburg stated that Carvana is a "century accounting fraud perpetrated by a father-son duo," asserting that the company's "transformation is an illusion." The Institutions found that Carvana sold a $0.8 billion loan to a suspected undisclosed related party, while using accounting manipulation and lenient loan approvals to drive temporary revenue growth, and insiders took the opportunity to cash out billions of dollars in Stocks.
Hindenburg Shorts Carvana Stock, Claims Used Car Retailer's Turnaround Is A 'Mirage'
Carvana Stock Refuses to Stay Down Despite a Hindenburg Research Short Report
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Hindenburg Research Short on Used-car Retailer Carvana
U.S. stocks fluctuating | Carvana (CVNA.US) was shorted by Hindenburg and once dropped over 6%.
Carvana's stock price experienced significant fluctuations, currently rising over 2%, after previously dropping more than 6%.
Express News | Carvana Shares Reverse Losses, up 1.7%
Express News | Watching Carvana; Hindenburg Research Issues Report On Company Titled "Carvana: A Father-Son Accounting Grift For The Ages"
Express News | Hindenburg: Taken a Short Position in Shares of Carvana Co.
Beyond The Numbers: 17 Analysts Discuss Carvana Stock
Express News | Stephens & Co. Reiterates Overweight on Carvana, Maintains $300 Price Target
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